Dubai hotel room rates register biggest decline in over four years | The National

Dubai hotel room rates register biggest decline in over four years | The National:



"Dubai hotels are braced for a long hot summer after room rates fell by almost 13 per cent last month – the biggest decline in more than four years.



The industry is being hit by a double whammy of weakening occupancy and tumbling food and beverage sales as the city’s increasing supply of restaurants tempt guests away from hotel dining.



Egypt’s rebounding tourism sector is also attracting more tourists from the euro zone, where their purchasing power is stronger."



'via Blog this'